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Economic development director reports 38 projects, $42 million in building value coming online
Summary
Director Matt Wavering told the council the first-quarter economic development update lists 38 active commercial projects totaling about 365,000 square feet and an estimated $42 million in new building value expected to reach tax rolls within six months.
Matt Wavering, the City of Fate’s director of economic development, told the council on April 7 that the city has 38 commercial developments in various stages, representing about 365,000 square feet and roughly $42 million in estimated new building value expected to reach the tax rolls within six months.
“We are a newer growing city, and we are a developing suburb of Dallas,” Wavering said in his presentation. “Masterpieces take time,” he added, characterizing multi-stage commercial…
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